Media

In this section you will find all of the latest news and updates on the Group's activities along with recent press coverage.

Press Releases

Scarborough serves up an ace summer party to launch Acero Posted: 14th Jul 2017

Scarborough serves up an ace summer party to launch Acero

Scarborough International Properties (Scarborough) and its joint venture partner Metro Holdings of Singapore (Metro) today hosted a Wimbledon-themed, summer party to celebrate the official opening of Acero, the striking new Grade A office development at Sheffield Digital Campus.

Attendees to the launch included Scarborough Chairman, Kevin McCabe, Leader of Sheffield City Council, Cllr Julie Dore, and Ambassador for Sheffield Business and Industry, Richard Caborn.

Acero is the third building at the market-leading Sheffield Digital Campus, complementing the existing office developments that includes Electric Works and Ventana House, which is home to Sky Bet among other leading organisations.

Based in the heart of Sheffield city centre, it is one of the highest specification offices in the region, offering 80,599 sq ft Grade A, flexible office accommodation over six floors, with floorplates of up to 15,000 sq ft.

Its location adjacent to the Parkway provides unrivalled access to transport connections, with Sheffield’s mainline train station just a stone’s throw away and excellent links to the city’s bus and tram networks.

Cllr Julie Dore, who officially opened the building with Kevin McCabe, said:

 “The opening of Acero is of great significance to our city. The impressive new building is the latest addition to the Digital Campus development and has been privately funded in a 50:50 joint venture between Scarborough and Metro – marking the first time that Singaporean investors have come to the city.

“Sheffield’s attributes include access to a high-quality labour market, thanks to the strength of our universities, and an exceptional quality of life.

“The decision to build speculatively highlights the confidence that Scarborough and Metro both have in the future of the city and the demand for the very best office space, which will be let to home-grown and international organisations.”

Kevin McCabe sees Acero playing a major role in helping Sheffield form a vital part of the Northern Powerhouse:  

“We’re delighted to celebrate the opening of Acero today with friends from across the Sheffield City Region. Sheffield Digital Campus is one of the most significant developments within our expansive Northern Powerhouse portfolio. Acero will make a strong addition by delivering over 80,000 sq ft of new office space at a time of growing interest from occupiers.

“Acero will not only be an exceptional place to work, but will form part of our wider plans to create a vibrant new destination in this part of the city.”

Acero is being let by Commercial Property Partners, Colloco and Knight Frank, who are talking to a number of interested parties.

ODEON ANNOUNCED AS LEISURE ANCHOR AS DEVELOPMENT GEARS UP AT THORPE PARK LEEDS Posted: 7th Jul 2017

Scarborough International Properties has announced that ODEON is to become the leisure anchor for the new forthcoming retail and leisure park at Thorpe Park Leeds. It has also confirmed that Boots has agreed a deal to join the retail line up. These new lettings form part of phase two of Thorpe Park Leeds, which Scarborough is developing in partnership with Legal & General Capital (LGC), following LGC’s £162 million funding arrangement last year.

 

The announcement was made today as Scarborough hosted a special event with GMI Construction to mark the start on site for the 300,000 sq ft park which opens next autumn. Guests were able to view progress on a specially built viewing platform with visitor plaques showing where occupiers will be located. 

 

Next, M&S Simply Food, TK Maxx and the Outfit are also taking major stores at the 1.65 million sq ft phase two development at the celebrated East Leeds scheme.

 

ODEON has secured a 44,000 sq ft unit for a ten-screen cinema which is to be located adjacent to, and above the boulevard of restaurants within the leisure cluster at Thorpe Park Leeds. Currently there is no cinema complex serving the East Leeds community with the nearest located in the city centre.

 

Ken Taylor, Group Property Director at ODEON said:

 

“We have exciting plans to bring a fantastic cinema experience to the East Leeds community. ODEON in Thorpe Park Leeds will have state of the art screen and audio technology, our latest luxury seats, and our very best hospitality services. We look forward to finalising our plans and recruiting an energetic team who will give great service to our guests when we open.”

 

Boots has also agreed to take a 15,000 sq ft store next to M&S Simply Food at Thorpe Park Leeds.  Boots is the UK’s leading pharmacy-led health and beauty retailer with over 2,500 stores in the UK.

 

A further five high street leisure operators are also close to securing space at Thorpe Park Leeds with legal agreements underway.

 

Mark Jackson at Scarborough International Properties which is developing phase two at Thorpe Park Leeds in partnership with Legal & General Capital said:

 

“We are thrilled to see that such high quality and popular brands recognise the appeal at Thorpe Park Leeds as a significant and growing community within the East Leeds district.  Not only will they provided fantastic new facilities to the immediate businesses and 4,000 existing workers, but also serve the potential for a further 10,000 workers as well as the wider community. 

 

“Our confidence to invest in phase two at Thorpe Park Leeds is proving successful as we work hard with our partners, the local authority and operators to create an exciting new destination with community, health, wellbeing, connection and enterprise at its heart.”

 

Rachel Dickie, Investment Manager at Legal & General Capital, added: “To have secured Odeon as the leisure anchor and added Boots to the retail line-up further demonstrates the quality and vibrancy of the offer that Thorpe Park Leeds is bringing to the East Leeds community. This second phase of development is set to support the wider Leeds economy, acting as a major catalyst for further investment.”  

 

Andy Bruce, Managing Director or GMI Construction Group said, “Momentum is really building now at Thorpe Park Leeds as we progress this pivotal part of the project.  We have been on site now for over two years progressing groundworks and as the structural elements for the retail and leisure part commence we have tripled our workforce to excel delivery for completion next year.  We also have an engagement programme in place to support local employment and apprentice training on site and pride ourselves in ensuring that the communities in which we work benefit from our projects.”

 

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, Kier, Laing O’Rourke, Atkins, BAM and National Grid.

 

Phase two is now underway delivering a further 1.65 million sq ft of mixed use accommodation.  This includes an additional 940,000 sq ft of Grade A office accommodation alongside the 300,000 sq ft shopping and leisure park, as well as extensive parkland and sports facilities.  Redrow has also purchased a part of the site and announced plans to build 300 new homes.

 

‘Paradigm’ is the first of the new office buildings to be completed and is available for immediate occupation. It offers 31,650 sq ft of exceptional business space set over three floors with an additional feature floor and roof terrace directly overlooking the M1. Strong interest has been reported from a number of prospective occupiers and further office building projects are planned later in the year.

 

Phase two at Thorpe Park Leeds also includes delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1. This road will unlock land for the construction of up to 7,000 new homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’.

 

 

Thorpe Park Leeds won the coveted ‘Best Deal’ Award at the Yorkshire Property Awards 2016 for its ground-breaking £162 million funding arrangement with Legal & General Capital.   Kevin McCabe, founder and Chairman of Scarborough International Properties was also awarded Property Entrepreneur of the Year at the Insider Property Industry Awards 2016 for his role in attracting Far East investment to Yorkshire.

New pop-up marketing suite opens at Middlewood Locks Posted: 9th Jun 2017

New pop-up marketing suite opens at Middlewood Locks

This weekend sees the opening of the pop-up marketing suite at Middlewood Locks, the new mixed-use residential development being created by Scarborough International Properties (SIPL) in Manchester, in response to greater than anticipated interest in the scheme.

 

The apartments will be of a high specification throughout, featuring open plan living rooms with full height glazing taking advantage of the spectacular views, fully fitted contemporary kitchens with integrated appliances, and luxury bathrooms. There will also be private, covered parking and bicycle storage. Alongside the new apartments will be convenience store, a nursery, restaurants and bars, and a gym.

 

For the launch weekend, the pop-up marketing suite will be open to visitors from 11am – 5pm on Saturday, offering potential buyers the chance to meet with the sales team and reserve their new home.

 

“We have been overwhelmed by the huge interest in Middlewood Locks and are delighted with the level of demand from local people and first time buyers,” says Nicola Wallis, the person in charge of sales and marketing of the apartments. “More than 60 apartments have already been reserved to

to our loyalty customers and to the first customers who registered their interest on our mailing list as part of our early bird campaign. In response to this demand, we have decided to get started with our pop-up marketing suite in advance of the permanent marketing suite being ready later this year.”

 

First time buyer, David Mollard commented: “The best thing about Middlewood Locks is that it is so central to everything. It is ideal for people like myself who work in Greater Manchester or the City, and it is a buzzing area, with restaurants, nightlife, a gym and open spaces. As a Personal Trainer and Co-Founder of a health food café, convenience to these services and activities is huge for me. My time is valuable and I appreciate having those things close by. I am delighted to have secured an apartment at Middlewood Locks because the city has so much to offer.”

 

Overall, Middlewood Locks is a 25-acre landmark development, which will provide a new waterside neighbourhood created around three large basins of the Manchester, Bolton and Bury Canals, connecting to the River Irwell and a short distance from the central business district and retail amenities of Manchester city centre. It will provide a total of 2,215 new homes, 900,000 sq ft of commercial space including a hotel together with all the amenities of a new urban neighbourhood.

 

The homes will feature beautifully finished high quality interiors including German Pro-Norm kitchens with Quartz worktops, modern bathrooms with Vitra and Hansgrohe fittings, built in bedroom wardrobes and finely finished balconies and window frames.

Currently under construction the first phase of Middlewood Locks will provide 571 one, two and three- bedroom apartments all with either a private garden, terrace, balcony or Juliet balcony, ready to move in to Spring next year, at prices starting at £155,000.

 

Middlewood Locks is being developed by FairBriar International, a joint venture, led by Scarborough International Properties (50%) with Metro Holdings of Singapore (25%) and Hualing Group of China (25%).

 

Nicola Wallis, Scarborough’s sales and marketing director, added: “Middlewood Locks is going to be the most vibrant new neighbourhood coming to the city. On offer, will be a fantastic variety of residential homes with great commercial elements located in a waterside park within a short walk to Spinningfields. Middlewood Locks will be a great place to live and work with everything on your doorstep. It will be a community we will nurture, a place shaped by the people who are part of it.”

 

 

Further information about Middlewood Locks is available on the website at www.middlewood-locks.co.uk .

SCARBOROUGH APPOINTS PAUL HOLCROFT AS HEAD OF COMMERCIAL LEASING Posted: 22nd May 2017

SCARBOROUGH APPOINTS PAUL HOLCROFT AS HEAD OF COMMERCIAL LEASING
 
Scarborough International Properties Limited (SIPL), the UK and International Real Estate Developer and Investor, has appointed Paul Holcroft as Head of Commercial Leasing. In this role, he will have overall responsibility for leasing, new business and commercialisation for the Company’s Northern Powerhouse projects.

Based in Leeds, Paul has more than 10 years of experience in the real estate sector, having worked for PwC, DTZ and Hansteen. While at Hansteen, he spent four years as Regional Manager where he held sole responsibility for the management of a 3.5 million sq ft portfolio.

Prior to joining Scarborough, he was an Associate Director at Landwood Group where he headed up the Yorkshire and North East region, providing strategic asset management support and driving business revenue across the region.

Holcroft, who holds a Master's degree in Property Appraisal and Management from Sheffield Hallam University, is a graduate in Business Information Technology from Northumbria University and is a member of the Royal Institute of Chartered Surveyors (MRICS). Paul is also a RICS Registered Valuer.

 

Paul Kelly, Development Director of Scarborough International Properties, commented: “Paul will play an integral role in building relationships with partners and stakeholders across the regional commercial market, ensuring that our projects are developed into sustainable communities and become attractive places for people to live, work and visit.”

THORPE PARK LEEDS OFFICIALLY BIKE FRIENDLY Posted: 9th Mar 2017

THORPE PARK LEEDS OFFICIALLY BIKE FRIENDLY

An award-winning business park on the outskirts of Leeds city centre has received recognition for its cycle to work support to over 4000 workers across 60 businesses on site.

Thorpe Park Leeds has been awarded a bronze accreditation as part of the CityConnect ‘Bike Friendly Businesses’ scheme. This recognises efforts from the park’s estate and travel management teams in providing facilities and support that encourages cycling to work.

The accreditation also meant that Thorpe Park Leeds could apply for a grant of up to £5000 to fund further efforts to help cyclists go that extra mile. An application was made to match fund a new cycle fix-it station, providing cyclists with communal bike repair tools and an air pump, which they can use free of charge.

CityConnect is funded through the Department for Transport’s Cycle City Ambition Grant and local match funding. This money is ring-fenced for spend on cycling and walking improvements. West Yorkshire Combined Authority (WYCA) together with local partners successfully bid for £40 million of Department for Transport funding.

Georgina Stares at TPS Transport Consultants Ltd, which is retained to manage the development and implementation of sustainable travel-related measures at Thorpe Park Leeds, said,

“We are delighted to receive this accreditation which goes to recognise the broad range of initiatives we have in place to support and encourage cyclists at Thorpe Park Leeds. The report praised businesses on site for providing good quality and well-lit cycle parking for staff and visitors. It also praised our community engagement initiatives and events which include free monthly Dr Bike sessions and an active Bicycle User Group (BUG), all promoted effectively through the ParkLife community portal on the website.

Simon Marshall, joint chief executive at Scarborough International Properties which owns the site in partnership with Legal & General Capital, said: 

“This is fantastic news for the team who have gone to great lengths to introduce sustainable travel benefits for all who work at Thorpe Park Leeds. We recognise that a great working environment isn’t just about the building you are based in, it’s about the community you are a part of and as such our ParkLife platform seeks to unite and engage occupiers for the wider benefit.

“We are now progressing the next significant stage of development to deliver over 1.5 million sq ft of mixed use accommodation and anticipate that nearly 13,500 people will work at Thorpe Park Leeds when completed. It is therefore fundamental that we continue our investment to excel in our support to all occupiers and employees in the long term.” 

Thorpe Park Leeds is a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities.

Delivery of the next phase of development follows a £162 million investment by Legal & General Capital as joint development partner with Scarborough International Properties. Construction work is already underway to deliver a new 300,000 sq ft shopping and leisure park and the first phase of 940,000 sq ft of offices. The development also includes 300 new homes by Redrow and a 110-acre public park with sports facilities.

 

Thorpe Park Leeds recently won the coveted ‘Best Deal’ Award at the Yorkshire Property Awards 2016 for its ground-breaking funding arrangement with Legal & General Capital.   Kevin McCabe, founder and Chairman of Scarborough International Properties was also awarded Property Entrepreneur of the Year at the Insider Property Industry Awards 2016 for his role in attracting Far East investment to Yorkshire. 

Blades unveil plans for Boundary Corner Posted: 14th Feb 2017

Blades unveil plans for Boundary Corner

Exciting plans to further develop the land surrounding Sheffield United’s stadium, have been unveiled….and it could see Blades fans living the dream!

The Blades are seeking to develop the Cherry Street / Shoreham Street Corner and have submitted a planning application that will see the development Boundary Corner, (a nod towards the stadium’s footballing/cricketing heritage), a four storey largely residential building which will feature an impressive ground floor new Club retail outlet.

 

The 21st century Blades Superstore, will replace and double the size of the current one at the South Stand. It will feature a fan zone. The existing Club shop could be used as a conference or event facility.

 

The site currently hosts some car parking for Sheffield United. Planners have welcomed the principle of a development in the location, where a strong, contemporary architectural proposal has been designed whilst sensitively considering the nearby properties.

 

The scheme – drawn-up by Sheffield United’s retained architects WCEC – features in long term business plans from the owners focussing on ever improving stadium facilities contributing robustly to the future business performance of the Club. Scarborough International Properties is project managing the development at Cherry Street / Shoreham Street Corner.

“The corner site we are developing could fulfil a dream for some of our supporters – a chance to live at the home of football! It will also enable the Club to expand the Superstore,” said Sheffield United Director Simon McCabe.

 

Fellow Director Scott McCabe said: “Significantly it is part of a route we are taking whereby we have identified several opportunities to further develop and improve the ground and the immediate surrounding area as we seek to build a broader commercial, leisure and entertainment offer, developing additional revenue streams to support the aim of supporting United’s return to the upper levels of the English game.

“Further development of the stadium area is a positive move to enhance income streams, ultimately supporting our plans for the key football side of the business,” added Scott.

The proposals come in the wake of extensive modernisation undertaken in recent years including the installation of a state of the art Desso pitch giving the Club greater use of the ground for events and other activities during close seasons.

“We are working on several exciting projects to bring new activities and events to Bramall Lane soon,” said Simon McCabe.

WCEC’s Chief Executive Ashley Turner said: "We are delighted to be working as architects for Sheffield United. Following on from now completed projects such as the Westfield Corner Stand and Copthorne Hotel, we will take great pride in further enhancing what is an already superb venue starting with the Cherry Street and Shoreham Street developments.”

 

Other proposals under consideration for the stadium include:

 

Chaucer’s Yard (Countess Road) – formerly a cutlery casting workshop and is Grade II listed in part. The site is located immediately off John Street and Countess Road and is situated within the John Street Conservation Area. Pre-application discussions have begun with the local authority, assessing the feasibility of new residential and commercial space alongside a refurbished Chaucer Yard development.

 

Bramall Lane / Cherry Street Residential – WCEC is appraising the viability for an eight-storey residential development in two blocks on the Bramall Lane / Cherry Street corner adjacent to the Copthorne Hotel.

 

Kop Extension / Business Centre (Kop to South Stand Corner) - Planning permission has been retained for a 3,200-seat extension at the back of the existing Kop, including a new roof and over trusses to allow the four existing roof support columns to be removed and the introduction of a new concourse with improved facilities.

 

As part of this scheme permission was also granted for a new Business Enterprise Centre on stilts in the Kop/South Stand corner, allowing entry/exit routes to/from the Kop and South Stand to remain.

 

John Street / Shoreham Street residential - Planning permission has been retained and obtained for a three and four storey residential development consisting of 52 apartments on the corner of John Street / Shoreham Street

 

John Street Corner Stand Executive Boxes - Assessments are ongoing for a concept proposal to create additional executive boxes at high level at the back of the corner stand. Detailed costings will determine if the project is viable.

 

South Stand - Clean and improve the façade, creating a matching look with the hotel and a clearer identity to the component parts of the stand. 

Consent granted for Phase 2 of Scarborough’s Middlewood Locks development Posted: 16th Dec 2016

Consent granted for Phase 2 of Scarborough’s Middlewood Locks development

Scarborough International Properties Limited (SIPL), the UK and International Real Estate Developer and Investor, today announces that FairBriar International has been granted detailed planning consent by Salford City Council for Phase 2 of its 24.5 acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District.

 

This second phase will consist of four separate buildings of up to 10 storeys and a total of 546 apartments. The scheme, designed by architect, WCEC Architects, will include public green space and will be developed around three large basins of the Manchester, Bolton and Bury Canal, which connect to the River Irwell and is a short distance from the central business district and retail amenities of Manchester city centre.

 

Phase 1, which will be completed in October 2018, was granted detailed planning consent by Salford City Council in December last year and will comprise of 571 homes and associated commercial space, including convenience shops and restaurants. It will also create extensive new public realm which will include canal side footpaths and cycle ways to the city centre. The first residents are expected to start moving in to the apartments in March 2018.

 

The Middlewood Locks development will deliver a vibrant new mixed-use neighbourhood which, in total, will provide 2,215 new homes and 900,000 sq ft of commercial space including offices, hotel, shops, restaurants, a convenience store and gym.

 

The site has a gross development value of over £1 billion and is expected to create more than 7,000 jobs for the local region.

 

Paul Kelly, Development Director of Scarborough, said: "We are delighted to have secured planning permission for the second phase of Middlewood Locks. This is the result of a huge amount of hard work on the part of Salford City Council and our development team to create the best possible scheme. We can now look forward to delivering a substantial number of new homes and jobs to the region and help secure the wider generation of Salford and Greater Manchester.”

 

Ian Lowson, Regional Director of WCEC Architects, added: “I am delighted that WCEC have secured detailed planning approval for the second phase of Middlewood Locks, Salford. Our team has worked tirelessly to maintain the high standard of design they achieved on Phase 1, which is currently being realised on site. We are immensely proud as a practice to be part of Middlewood’s continuing story.”

THREE MAJOR PRE-LET DEALS AGREED FOR THORPE PARK LEEDS Posted: 12th Dec 2016

Developers have agreed lettings with three major retailers to take large units at Thorpe Park Leeds’ forthcoming Retail and Leisure Park. This concludes an active and very successful year for the award-winning scheme which is underway to deliver 1.65 million sq ft of mixed use accommodation.

 

M&S has secured a lease on a 13,000 sq ft store with a trading space of 9,000 sq ft. The retailer will relocate from its existing store in nearby Cross Gates. The new store, subject to final planning permission, will be double the size with a new 40-seater Café. As well as offering customers with an improved shopping experience and a broader selection of food and drink products the relocation will create a number of new jobs adding to 40 existing roles which will be transferred from Cross Gates to Thorpe Park Leeds

 

M&S anchors the scheme with Next which agreed terms last April to take 18,000 sq ft at the established Business Park.

 

A further deal has been agreed with Arcadia Group on a 10,000 sq ft unit for its out of town fashion store, Outfit. The store will carry a mix of brands including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton.

 

TK Maxx, which is also taking 10,000 sq ft, joins the retail line up offering a large selection of top brands and designer goods.

 

Thorpe Park Developments Ltd (TPDL), a joint venture between Scarborough International Properties and Legal & General Capital, has also confirmed that detailed discussions are ongoing with a number of other retail and leisure operators, for the provision of a multi-screen cinema, gym and a range of restaurants.

 

Construction works are due to start on the 300,000 sq ft Retail and Leisure Park in summer, with the scheme opening for trade in Autumn 2018.

 

TPDL has also completed the construction of ‘Paradigm’, the first of the new office buildings at Thorpe Park Leeds. Paradigm offers 31,650 sq ft of exceptional business space set over three floors with an additional feature floor and roof terrace, adjacent to the M1 J46. Strong interest has been reported from a number of prospective occupiers and further office building projects are planned in the New Year.

 

Thorpe Park Leeds will deliver a further 940,000 sq ft of Grade A office accommodation alongside the 300,000 sq ft Shopping and Leisure Park, and supporting uses include hotels and extensive parkland and sporting facilities.


Earlier this year Scarborough announced a deal with Redrow to sell part of the site for the construction of 300 new homes.


Mark Jackson, at Scarborough International Properties said: “We are delighted to announce these three significant deals for Thorpe Park Leeds following our agreement with Next Plc. M&S, Outfit and TK Maxx are all a very important part of the high quality retail and leisure offer for this landmark mixed-use scheme in Leeds, serving the local community and the 13,500 working population expected at Thorpe Park Leeds when it is fully built out. Additional lettings are in hand and we look forward to announcing these shortly.”

 

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and National Grid.

 

Scarborough International Properties has worked closely with Leeds City Council to develop the new plans for Thorpe Park Leeds and the critical infrastructure that it will deliver for east Leeds.

 

Phase two at Thorpe Park Leeds includes delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1. This road will unlock land for the construction of up to 7,000 new homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’.

 

In August 2015 Legal & General Capital committed to invest £162 million into the project and became a 50:50 partner to fund future development works. 

Thorpe Park Leeds development to be boosted by £270 million infrastructure funding package Posted: 5th Dec 2016

Thorpe Park Leeds development to be boosted by £270 million  infrastructure funding package

Scarborough International Properties Limited (SIPL) and Legal & General (LG), welcome today’s announcement by Leeds City Council of a £270 million investment in a number of important railway infrastructure projects in Leeds supported by the Department for Transport, including a new railway station at Thorpe Park Leeds. This investment will support and encourage the City’s ambitious growth strategy.

The railway station and associated park and ride at Thorpe Park Leeds will provide an integral part of the infrastructure that will connect this unique business, retail and leisure park to Leeds city centre.

Thorpe Park Leeds is a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities.

Delivery of a new second phase of Thorpe Park Leeds follows last year’s announcement that Legal & General Capital is to invest £162 million as joint development partner with Scarborough. Preparation work is already underway to deliver a new 300,000 sq ft shopping and leisure park and the first phase of 940,000 sq ft of offices. The development will also include 300 new homes by Redrow and a 113-acre public park with sports facilities.

Phase two also includes delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1. This road will unlock land for the construction of up to 7,000 new homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’ land. This will also benefit from the proposed new railway station.

Thorpe Park Leeds recently won the coveted ‘Best Deal’ Award at the Yorkshire Property Awards for its groundbreaking funding arrangement with Legal & General Capital.

 

 

 

Kevin McCabe, Chairman of Scarborough International Properties Limited commented: “We are delighted to hear from the City Council that funding support has been confirmed for these important transportation projects for Leeds, in particular the new railway station and park & ride at Thorpe Park Leeds.

“Thorpe Park Leeds is already in the process of a huge transformation, creating a unique business, shopping, leisure and living community, but the prospect of the railway station brings another step-change.

"We will start building the first phase of the East Leeds Orbital Road in the New Year, connecting the M1 to Manston Lane, over the railway. With the additional 1.65m sq ft of mixed use development that is now underway, and the thousands of new homes to be built in the East Leeds Extension, Thorpe Park Leeds is an ideal strategic location for this new railway infrastructure”.

Rachel Dickie, Investment Manager, Legal & General Capital added: “We are delighted to be involved in this kind of transformational regeneration project.

“The news from the City Council is very welcome and shows what can be achieved when the public and private sector work together.

“Since partnering with Scarborough on the Thorpe Park Leeds project we have continued to invest to bring forward this exceptional project. We look forward to playing our part in realising the vision for Thorpe Park Leeds”.

SCARBOROUGH AND BCEG SIGN £85 MILLION BUILDING CONTRACT FOR PHASE 1 OF MIDDLEWOOD LOCKS, MANCHESTER Posted: 29th Nov 2016

SCARBOROUGH AND BCEG SIGN £85 MILLION BUILDING CONTRACT FOR PHASE 1 OF MIDDLEWOOD LOCKS, MANCHESTER

Scarborough International Properties Limited (Scarborough), the UK and International Real Estate Developer and Investor, and BCEG today announce that they have signed an £85 million contract for the construction of phase 1 of its 24.5 acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District.

 

The Contract was signed by Kevin McCabe, Chairman of Scarborough and Mr Xing Yan, Managing Director of BCEG and was witnessed by Simon McCabe, Deputy Chairman and Joint CEO of Scarborough. Long standing partners from FairBriar Real Estate (the joint venture undertaking the scheme), Lawrence Chiang, COO of Metro Holdings Singapore and Michael Rex, Director of Investments of Hualing Group, Urumqi, China were also present.

 

The event marks a major milestone in the development of phase 1, which will be completed in October 2018. The first phases, which were granted detailed planning consent by Salford City Council in December last year, will comprise of 571 homes and associated commercial space, including convenience shops, restaurants, extensive new public realm including canal side footpaths and cycle ways to the City centre. The first residents are expected to start moving in to the apartments in March 2018.

 

The Middlewood Locks development will deliver a vibrant new mixed-use neighbourhood which, in total, will provide 2,215 new homes and 900,000 sq ft of commercial development space including offices, hotel, shops, restaurants, a convenience store and gym. The scheme will have public green space and will be developed around three large basins of the Manchester, Bolton and Bury Canal which connects to the River Irwell and is a short distance from the central business district and retail amenities of Manchester city centre.

 

Phase 1 has a gross development value of more than £150 million and is expected to create more than 300 jobs for the local region.

 

Kevin McCabe, Chairman of Scarborough commented: “We are delighted to have signed BCEG for the first phase of our Middlewood Locks development. This marks the culmination of many years of hard work and collaboration between all involved, both in the UK and China.”

 

Mr Xing Yan, Managing Director of BCEG said: “We look forward to continuing our work with Scarborough on the development of this significant and strategic regeneration project.”

 

Lawrence Chiang, Chief Operating Officer of Metro Holdings, said: “Today’s ceremony marks a significant milestone in our plans for the development of Middlewood Locks. This is a truly global endeavour.”

 

Michael Rex, Director of Investments of Hualing Group, added: “This is a major regeneration scheme which highlights the benefits of global collaboration and the attractiveness of the Northern Powerhouse to international investors.”

VSOFTCO ANNOUNCES NEW ASIAN EXPANSION Posted: 15th Nov 2016

VSOFTCO ANNOUNCES NEW ASIAN EXPANSION

VSoftCo Ltd, a specialist software development company in the global virtual sports market, announces that it has opened an Asia region office in Hong Kong to support VSoftCo’s expansion into the Asian market.

 

The new office will provide localised client facing services and account management in support of VSoftCo’s development into the Asian market. VSoftCo, which is part of the Scarborough Group, will look to build on its parent’s existing links in Asia which have to date been based on wider group activity. 

 

Eric Liang has been appointed as VSoftCo’s Director for Asia and will be working on developing partnerships to ensure that VSoftCo is at the forefront of the virtual sports market in Asia.

 

Simon Westbury, Managing Director at VSoftCo commented: “As part of our global expansion plans and in keeping with our business principles of being as close as possible to our partners, we are pleased to announce the opening of our Asian office.

 

In recent years we have seen VSoftCo expand in Europe, North America and Latin America. This latest expansion will ensure that VSoftCo is in the best position possible as we double our efforts in the expanding Asian market.”

Topping out of Acero - The next phase of the successful Sheffield DC development Posted: 14th Nov 2016

Topping out of Acero - The next phase of the successful Sheffield DC development

Scarborough International Properties (SIPL) has today celebrated a key construction milestone at Acero, the new 80,000 sq ft office building at its Sheffield DC development.

Guests from across Sheffield and the wider region were able to survey the new building during a traditional ‘topping-out’ ceremony held on site.

Attendees included Scarborough’s Chairman, Kevin McCabe and Councillor Leigh Bramall, Deputy Leader of Sheffield City Council. They were joined by Andy Bruce, Managing Director of the main contractor GMI Construction and other guests. The event celebrated GMI’s rapid progress since construction began at the start of the year. Guests were able to see the striking architecture of Acero which is now taking shape.

Acero is due to be completed in summer 2017 and will offer just over 80,000 sq ft of flexible Grade A office accommodation over six floors, with floorplates of up to 14,700 sq ft. The building has a prominent position directly opposite Sheffield’s mainline railway station and sits adjacent to Sheffield Parkway, providing direct access to the M1.

The speculative scheme is a 50:50 joint venture between Scarborough and Metro Holdings Limited of Singapore.

Kevin McCabe, Chairman of Scarborough Group International, said:

“We are delighted to have reached this major milestone. Acero is the latest in a series of developments that point to our confidence in the business, our confidence in Sheffield and our confidence in ‘The Northern Powerhouse’. DC has fast become the most prominent city business park in Sheffield. Acero will make a strong addition by delivering 80,000 sq ft of new office space at a time of growing interest from occupiers. Working with the Council, GMI and other partners we are delivering an exemplary business district that will only go from strength to strength.”

Councillor Leigh Bramall said:

“This is an excellent development which will attract national firms given its connections to the railway and ring road. It combines the local expertise of the Scarborough Group and is backed by investment from Singapore, complementing the Council’s long-term strategy to create a knowledge corridor from Castlegate to the railway station and into the creative industries quarter.”

Andy Bruce, Managing Director of GMI Construction, said:

“We have continued to make excellent progress on Acero since the start of construction at the beginning of the year. This is a flagship project for GMI and we’re delighted to be involved in delivering a new major office building for Sheffield.”

Acero is being let by Commercial Property Partners (CPP) and Fernie Greaves, who are talking to a number of interested occupiers.

VSOFTCO SECURES PARTNERSHIP WITH IFORIUM Posted: 8th Nov 2016

VSOFTCO SECURES PARTNERSHIP WITH IFORIUM

VSoftCo Ltd, a specialist software development company in the global virtual sports market, announces that it has entered into a multi-year agreement with Iforium the leading provider of multi-vendor casino software.

 

This partnership will see VsoftCo integrate their complete portfolio of virtual football content to Iforium’s Gamflex casino platform. This will include, all virtual football products including the first integration of VStriker, the exciting joint venture between VSoftCo and The Striker comic strip that first appeared in The Sun newspaper in 1985. As well as VSoftCo’s casino based table games, it will also include the exciting roulette version of Spot the Ball.

 

Simon Westbury, Managing Director of VSoftCo said: “This partnership is very exciting for VSoftCo as it sees the first distribution deal of our JV VStriker and the launch of our new table games which incorporate a new twist on existing favourites such as roulette. We cannot think of a better partner to launch these new products with and we are confident that we can support Iforium and their customers in growing their existing business.”

 

Phil Parry, CEO of Iforium commented: “I am delighted to confirm our agreement with VSoftCo and welcome the addition of their innovative content to the Gameflex platform. It’s an important statement that Iforium have been able to secure the first distribution deal with VSoftCo for their exciting VStriker game. The quality of VStriker along with VSoftCo’s table games and roulette version of the classic game Spot The Ball will help to further differentiate the Gameflex offering. I am excited about this partnership with VSoftCo and I look forward to imminently launching their content to our operators.”

SCARBOROUGH APPOINTS PAUL KELLY AS DEVELOPMENT DIRECTOR Posted: 8th Nov 2016

SCARBOROUGH APPOINTS PAUL KELLY AS DEVELOPMENT DIRECTOR

Scarborough International Properties (“Scarborough”), the McCabe family’s real estate development and investment company has appointed Paul Kelly to its Board as Development Director, to oversee its £2 billion development programme which includes Middlewood Locks, Manchester; Thorpe Park, Leeds; and Sheffield Digital Campus.

 

Paul is a Chartered Surveyor with over 15 years’ experience in the property industry across the UK and Ireland with a focus primarily across all commercial sectors. Prior to joining Scarborough in November last year, he was a partner at Knight Frank in its Development and Agency team where he advised commercial occupiers, property developers and UK Funds on the delivery, disposal and management of their property assets. 

 

The Board comprises Kevin McCabe, Chairman; Simon McCabe, Deputy Chairman and Joint Chief Executive; Simon Marshall, Joint Chief Executive; Jeremy Tutton, Finance Director; Paul Kelly, Development Director; and, Scott McCabe, non-executive Director.

 

Kevin McCabe, Chairman of Scarborough commented:Since joining us Paul has shown great commitment, knowledge and experience. With the support and hard work of all of our development team, we have seen significant progress across our development portfolio under Paul's leadership”.

VSoftCo forms joint venture with football comic Striker Posted: 3rd Nov 2016

VSoftCo forms joint venture with football comic Striker

Virtual sports software company VSoftCo Ltd has teamed up with football comic Striker to create the world’s first branded virtual soccer game.

 

The partnership - between VSoftCo and Striker creator Pete Nash – will be in the form of a joint venture called VStriker Ltd. The company will produce 3D-animated versions of an online betting game and a social game based on a new concept called Striker World Soccer League.

 

Both game versions will integrate with the serialised Striker storylines in The Sun - Britain’s biggest-selling daily paper – and Striker’s Planet Striker YouTube channel, which shows daily motion comic video versions of the newspaper strip. A weekly Striker comic is due to launch in the New Year.

 

Striker World Soccer League will herald a new era of the 31-year-old Striker comic, which is followed by 1.8 million readers in The Sun. The episodes will follow the creation of a world club football league, comprising fictitious teams from real cities around the world.

 

Although the story will kick off in the UK, it is envisaged that each country with a participating team will eventually run their own storylines.

 

The games will be powered by the only real-time rendered football animation technology created by VSoftCo. Brand new motion capture technology – sourced from professional footballers at Sheffield United – will make Striker World Soccer League one of the most lifelike virtual games on the market.  

 

Simon Westbury, Managing Director at VSoftCo, said: “This joint venture is a hugely exciting opportunity to extend the audience and geographical reach of our gaming software products and to help develop Striker into a global brand.”

 

Pete Nash said: “I’m delighted to be launching this new venture with VSoftCo. Striker is already produced with 3D software but VSoftCo’s expertise in animation and gaming will help to make Striker even more realistic, while Striker in turn will inject drama and fun into virtual gaming.

 

“And Striker fans will be able to interact and engage with the brand through a series of unique initiatives.”

SCARBOROUGH APPOINTS LIV AS PRS MANAGER FOR MIDDLEWOOD LOCKS Posted: 28th Oct 2016

SCARBOROUGH APPOINTS LIV AS PRS MANAGER FOR MIDDLEWOOD LOCKS

Scarborough International Properties (“Scarborough”) has appointed the leading private rented sector operator, LIV Group (LIV), as its residential management partner for its Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District. Middlewood Locks is set to provide more than 2,000 new homes for the city region.

 

LIV will be responsible for the mobilisation, lease-up and operational management of the residential estate, where the first phase of 571 homes will complete at the end of next year (2017).

 

Overall, Middlewood Locks will deliver a new mixed-use neighbourhood, combining city living, green space and community spirit. In total, it will provide 2,215 new homes [designed for the Private Rented Sector (PRS)], and more than 750,000 sq ft of commercial space, including offices, hotel, shops, restaurants, convenience stores and gym.

 

LIV, based in Leeds and Manchester, has spent the past two years working alongside the team at Scarborough focussing on design detail and operational delivery with a focus on creating a unique new neighbourhood for residents. A comprehensive Masterplan is in place for the residential and commercial estate, centred around fantastic canal basins to offer waterfront living and significant public realm.

 

Simon Marshall, Joint CEO of Scarborough commented: “LIV’s approach is unlike other managers with a creative and innovative team who have a real understanding of marketing and customer engagement. We are delighted to be working collaboratively with LIV as we work towards making Middlewood Locks an unrivalled residential neighbourhood, next to the commercial heart of Manchester.”

 

Graham Bates, CEO at LIV Group, added: “We have enjoyed a fantastic relationship with the team at Scarborough Group over the past couple of years and we are extremely excited and proud to be appointed to manage what will become a unique living environment for our future residents. We will change the way people rent with a culture of customer service at the centre of everything.”

 

Middlewood Locks is being developed by FairBriar International, a joint venture between Scarborough, Hualing Group (based in Urumqui, Xinjiang, China) and Metro Holdings Limited, a Singapore-listed property development and investment group. The project is designed by architects, WCEC Group and construction is being undertaken by Beijing Construction and Engineering Group.

 

 

 

 

Scarborough submits planning application for phase two of Middlewood Locks, Manchester Posted: 3rd Oct 2016

Scarborough submits planning application for phase two of Middlewood Locks, Manchester

The McCabe family's Scarborough Group International (Scarborough), the UK and international real estate investor and developer, today announces that FairBriar International has submitted an application for detailed planning consent for the second phase of its 24-acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District. The proposals for this second phase are for a further 546 new homes in four separate buildings.

 

FairBriar International is a joint venture between Scarborough, Hualing Group, based in Urumqui, Xinjiang, in China and Metro Holdings Limited, a Singapore-listed property development and investment group. Construction is being undertaken by Beijing Construction and Engineering Group (BCEGI), the Chinese construction and engineering firm.

 

Scarborough received outline consent for the development from Salford City Council in March 2015 and detailed planning consent for the first phase of around 571 homes and associated commercial space, including convenience shops and restaurants, in December 2015. The enabling works for the first phase of residential development commenced in April 2016 and the first residents are expected to start moving-in in late 2018.

 

Overall, Middlewood Locks will deliver a new mixed-use neighbourhood, which, in total, will provide around 2,215 new homes and more than 750,000 sq ft of commercial development space, including offices, hotel, shops, restaurants, a convenience store and gym. The development, designed by architects, WCEC Group, is around three large basins of the Manchester, Bolton and Bury Canal in Salford and is just a short walk from the central business district and retail amenities of Manchester.

 

The site has a gross development value of more than £700 million and is expected to create more than 7,000 jobs for the area.

 

Paul Kelly, Head of Development of Scarborough, said: “This is another step in creating a reality of our vision for Middlewood Locks. This development is providing much needed homes and quality office space capable of attracting major organisations, all in an environment that recognises people come first. Work on site is progressing rapidly; you will be able to see buildings start to go up by later this year with people and businesses moving in as early as 2018.”

 

Ian Lowson, Project Architect of WCEC Group, said: “Following phase one’s successful start on site our plans for phase two demonstrate further FairBriar International’s intent that Middlewood Locks, Salford, will be a world class neighbourhood. The proposals represent an extensive and rigorous design process involving true collaboration with all involved in this project.”

 

ANGLO-CHINESE CONSORTIUM SIGN AGREEMENT FOR NEW €230 MILLION POWERPLANT IN SERBIA Posted: 19th Jul 2016

ANGLO-CHINESE CONSORTIUM SIGN AGREEMENT FOR NEW €230 MILLION POWERPLANT IN SERBIA

 

UK-based Scarborough Group International (“Scarborough”) and state-owned China National Electric Engineering Co (“CNEEC”) (together, the “Consortium”) announce that they have signed an Engineering, Procurement and Construction (“EPC”)  agreement for the development of a new €230 million (US$255 million), 240 MW, combined cycle natural gas fueled heat and power plant project in the city of Loznica, Serbia. Under the agreement CNEEC will undertake the construction of the entire project.

 

Once the project is approved by government authorities, construction of Phase I, providing 120 MW, will start as early as the end of 2016, and become operational by the end of 2018 and Phase II, for the remaining 120MW is expected to be delivered about one year later.

 

The Consortium has also got the support from a Chinese state-owned bank, to finance the project; Sinosure (China’s Export & Credit Insurance Corporation), which could provide export credit insurance on the financing package, also expresses its interest in the project.

 

Scarborough acquired the Loznica project several years ago from the Serbian government under a privatisation scheme and the intervening period has been spent liaising extensively with relevant Serbian government divisions and Chinese authorities including the country’s Embassy to Serbia. The target of the project is to change the old-fashioned coal-fired power plant into a clean energy natural gas power plant.

 

The project will provide Serbia with a significant number of both ‘hard’ and ‘soft’ benefits including:

Ø  a significant boost to local economy

Ø  a strengthening of strategic ties between China and Serbia

Ø  a reduction in dependency on imported electricity, improving energy security

Ø  a tangible step towards becoming harmonized with EU directives of Third Energy Package

Ø  no need for state guarantees, this is a private-sector investment by Anglo-Chinese consortium of Scarborough Group and CNEEC with China Development Bank

Ø  the creation of highly skilled jobs; new employment for 150+ people locally

Ø  a boost for local economy with engagement of local sub-contractors for at least 20% of works

Ø  a tax revenue boost locally and nationally

Ø  the reduction in environmental impact of EPS’s carbon footprint

Ø  The Loznica plant is situated in a geographically strategic location, at the crossroads of key high voltage electrical transmission lines, adjacent to international gas pipelines, with the ability to supply both the domestic market as well as exporting electricity production to regional markets in south and central eastern Europe.

 

Kevin McCabe, chairman of Scarborough Group International, commented: “After years of hard work we are now very close to getting this project off the ground. This would not be the case but for the vision and perseverance of the Chinese and the Serbian governments, the hard work of their respective ministries and state enterprises, the cooperation of the Chinese Embassy to Serbia and ,of course the support of the Mayor and community of Loznica.”

 

Mr Liao Shengsong, Vice President of CNEEC, added: “These are milestone agreements, opening the doors for greater cooperation between Serbia and China especially with our partners, Scarborough. Furthermore, CNEEC will work to promote local economic growth and development of clean energy in Serbia. We will provide high-quality projects so as to pursue common development under the principle of reciprocity and enhance friendship between China and Serbia.”

 

We are ready to kick off the project, looking forward to its success, and working hard toward this goal underway.

Planning consent granted for Phase 2 of Scarborough’s Newport development, South Wales Posted: 13th Jul 2016

Planning consent granted for Phase 2 of Scarborough’s Newport development, South Wales

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has received planning consent from Newport City Council of its £30 million phase 2 development of the Station Quarter in Newport, South Wales.

 

Phase 2 will include a 45,000 sq ft grade A office building across five levels which will be named ‘Interface’. There will be complementary leisure and ground floor retail facing a new public plaza.

 

Located opposite Newport Train Station, the scheme will add to the success of the Station Quarter development and will be situated in a highly accessible location for pedestrian, vehicle and public transport.

 

Scarborough completed the first phase of the redevelopment, Admiral House in May 2014, comprising 80,644 sq ft of office accommodation let to Admiral Insurance, with the capacity to accommodate some 1,200 staff, along with 28,000 sq ft of retail and leisure space. The Gym Group is now open and other potential uses include bars, restaurants and coffee shops.

 

The lead architect on Cambrian Centre Phase 2 was Holder Mathias.

 

Kate Howe, Associate Director, Scarborough Group, said: “The Interface development will build upon the success we have already enjoyed at Station Quarter, adding much needed capacity to this strategic location. This second phase of the development demonstrates our commitment to developing in Newport, a dynamic city which has a growing prominence as a place to live, shop and work.

 

We are working with the local and national government to attract major occupiers to the site and to show our support for the long term vision of Newport. By providing both local and national companies with Grade A office space, we will continue to attract investment to one of the UK’s most vibrant and progressive cities.”

 

Councillor Debbie Wilcox, Leader of Newport City Council, said: “Our city is continuing to thrive and this high-quality development is another signal of growing confidence in Newport. I would like to congratulate Scarborough on their ambitious plans which complement our vision of a digital, hi-tech city. We will continue to work with the company and I am sure the development will attract first class companies or organisations, and that can only benefit the city for many years to come.”

 

Scarborough Group secures planning consent for Orbital 1, Stockport Posted: 23rd Jun 2016

Scarborough Group secures planning consent for Orbital 1, Stockport

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has been granted a hybrid planning consent by Stockport City Council for its 12.5-acre Orbital 1 development on Junction 1 of the M60 motorway in South Manchester. The development will be a mixed use Industrial, Trade Counter and Retail Scheme.

 

Scarborough Group submitted a hybrid planning application to Stockport City Council in December 2015 to deliver the mixed use development. The scheme is centred in one of the most sought after areas of the North West and is within easy reach of Manchester City Centre. Nearby occupiers include Audi, BMW, Volkswagen, B & Q, Decathlon, Pets at Home and The Co-operative Bank.

 

Preparatory works can now commence on site, ensuring it is ready for the main construction works, which are expected to start in Q4 2016. The first phase will comprise the development of 55,000 sq ft of retail space and significant investment in infrastructure. Scarborough Group will begin the works with the construction of a new highway junction, which will provide improved access to the development.

 

Detailed plans for the 72,500 sq ft of Industrial and Trade Counter Units and a 1,500 sq ft café will be submitted imminently. The site has a gross development value of more than £20 million and is expected to create more than 300 jobs for the local region.

 

Knight Frank and Davies Harrison are acting as joint industrial agents for Scarborough Group and Lambert Smith Hampton is acting for the retail occupiers respectively. Zerum Consult was instructed as planning consultants.

 

Kate Howe, Associate Director, Scarborough Group, said: “We are thrilled to have secured consent at such a prominent and strategically important site. The success of the application has been largely due to the extensive discussions we have had with the local authority over the last 18 months to achieve a use mix and design that meets the needs of both commercial and retail occupiers, as well as complimenting the wider aspirations and regeneration plans for the Stockport area. Orbital 1 will regenerate a highly visible location at the gateway to Stockport and provide a key destination for both retail and industrial users. We have seen very strong occupier demand and are confident that we will announce significant lettings in the near future. ”

 

 

 

 

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